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In Brief: Powell industrial espionage suit

This article was originally published in The Rose Sheet

06 Oct 1997

News

The Rose Sheet

Executive Summary

Powell industrial espionage suit: Cosmetics applicator manufacturer Powell Products charges Production Manager Frederick Marks with theft, claiming he copied blueprints of the company's foam-tipped applicators, presented them to a number of competitors and sold them to Englewood Cliffs, N.J.-based Wormser in 1994, according to a Sept. 4 lawsuit filed in Colorado Springs federal court. With the information gained from Marks, Wormser developed Accessories Plus, a direct competitor to Powell's cosmetics applicators. In May, Powell received a settlement agreement of $1.6 mil. for the civil suit it filed in Denver federal court against Wormser. As part of the agreement, Wormser is barred from manufacturing cosmetic applicators for 12 years and was required to dissolve its Accessories Plus subsidiary...